034: Weekly Q&A: Just Take The Baby and Run! (Actually, don't)—How To Be Financially Free From Debt Through Flipping, and more

034: Weekly Q&A: Just Take The Baby and Run! (Actually, don't)—How To Be Financially Free From Debt Through Flipping, and more

The Flipping Ninja's Weekly Listener Q & A offers highly-focused, non-theoretical, no-nonsense Q&A.

In this week’s Q&A episode we discuss:

• What steps to take to be financially free from debt—an answer to a 24-year-old soon-to-be father. Just take the baby and run! (Actually, don’t)
• The 4C's Framework—Clarity, Conversation, Calibration, Crush
• How to transition from a 9 to 5 to full-time flipping
• How to be better at flipping
• The strategy to earn $1000 a month flipping.
• How to start flipping as a newbie.

Time Stamps:

2:00 - Question #1 from Jean, a 24-year-old man who’s about to become a father.
Living with his girlfriend, who doesn’t share his mindset regarding financial freedom, he struggles to pay off his debt and make a living. He also asks for book recommendations. A.J gives him the 4C’s framework.

6:07 - 1st C—Clarity. Creating clear targets that drive to achieving goals.

10:19 - 2nd C—Conversation. Sit down and have a discussion with your partner about your finances, life, and future. Love, alone, is not enough.

16:20 - 3rd C—Calibration. Find a solution to the problem.

18:41 - 4th C—Crush. Crush your goals. Creating SMART goals and executing them.

23:20 - A book recommendation—The Seven Habits of Highly Effective People by Stephen Covey

26:24 - Question #2 from Joshua, who works in aviation, but wants to transition to a no-cap income job with huge freedom—flipping.

28:00 - A.J. quitting his lucrative 9 to 5 job.

32:29 - Advice on flipping. Scaling, systematizing, improving marketing skills, setting achievable money targets.

36:47 - Question #3 from Beth, an unemployed thrift store shopper who seeks wisdom.

39:25 - Question #4 from Rick, who’s losing $80K a year on his income. Wants to start earning $1K a month flipping.

45:09 - A.J. discusses Flipping Ninja Math

47:21 - Question #5 from someone who sells pop culture items—wants to know if they can add a story background to their item-listings. 

49:25 - How A.J. made money flipping keyboards when he was just starting. The more you tell, the more you sell.

52:00 - Question #6 from Jeremy, a newbie flipper, asking how to start flipping.

Quotes:

“..if you don't have a target, you will never be able to hit your goal. Fuzzy targets don't get hit.”

“You have to talk about money. It's an important topic, especially when you're with someone…

...I mean, if you guys have different views on money, that's a big deal. It doesn't matter how much you love each other or how much chemistry you have or how adorable she thinks you are, or vice versa. The fact is that it takes more than just those things to make a relationship work successfully”

“Crush your goals.”

“Dude, once I quit my job…
...even though I was getting paid less doing it, I felt rich. I felt wealthy. I felt like my soul, my spirit, my every aspect of my life improved because, like I said, I was just was free.”

“You know, get started with something small. Just buy something from a thrift store and see if you could sell it for $20 more than what you bought it for. And there's literally thousands of items—thousands you can do that with...”

“The more you tell, the more you sell.”

 

What To Do Next

LOVE FLIPPING AND WANT TO LEARN MORE MONEY-MAKING AND MARKETING SECRETS? READY TO EARN 1K ON THE SIDE? HERE ARE SOME NEXT STEPS...

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